Citigroup Issues Pessimistic Forecast for The Goldman Sachs Group (NYSE:GS) Stock Price

The Goldman Sachs Group (NYSE:GS) had its price target reduced by analysts at Citigroup from $1,200.00 to $1,050.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the investment management company’s stock. Citigroup’s target price would indicate a potential upside of 11.67% from the stock’s previous close.

A number of other analysts have also recently commented on the company. BMO Capital Markets upped their price objective on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. Oppenheimer downgraded The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. Weiss Ratings cut shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Finally, Bank of America raised their price objective on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,055.71.

The Goldman Sachs Group Stock Performance

GS stock traded down $9.19 on Wednesday, hitting $940.30. The company had a trading volume of 722,044 shares, compared to its average volume of 2,205,107. The Goldman Sachs Group has a 12-month low of $740.01 and a 12-month high of $1,153.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock’s 50-day simple moving average is $1,030.43 and its 200 day simple moving average is $979.81. The stock has a market cap of $273.79 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.98 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the business earned $10.91 EPS. As a group, equities research analysts expect that The Goldman Sachs Group will post 68.39 earnings per share for the current fiscal year.

Institutional Trading of The Goldman Sachs Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Orange County Employees Retirement System bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $69,537,544,000. BlackRock Inc. purchased a new stake in shares of The Goldman Sachs Group in the second quarter worth $24,172,123,000. State Street Corp raised its position in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock valued at $17,197,444,000 after purchasing an additional 394,198 shares during the period. Bank of America Corp DE bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $6,756,772,000. Finally, Geode Capital Management LLC lifted its stake in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock valued at $5,896,795,000 after buying an additional 45,266 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman is reportedly the leading bidder for Palmer Square, which would add scale to its credit-management business and support the firm’s broader effort to build a nearly $70 billion 2026 revenue base. Goldman in Talks to Buy $37 Billion Credit Firm Palmer Square
• Positive Sentiment: Goldman committed $400 million to cybersecurity company Cyera, giving the bank exposure to growing demand for security tools supporting artificial-intelligence agents and enterprise data access. Cyera Announces $400 Million Investment from Goldman Sachs
• Positive Sentiment: Goldman continues to benefit from strong investment-banking and cross-border capital-markets activity, including Chinese technology fundraising, although related compliance risks remain. Goldman and Morgan Stanley Ride China Tech Boom
• Neutral Sentiment: The appointment of Simon Lyons as co-head of U.K. investment banking strengthens Goldman’s senior coverage team, but the personnel change is unlikely to materially alter near-term earnings. Goldman Appoints Simon Lyons UK Investment Banking Co-Head
• Neutral Sentiment: Goldman’s strategists remain constructive on S&P 500 earnings and the broader market, which could support trading and investment-banking activity but does not directly change Goldman’s fundamentals. Goldman Sachs and Deutsche Bank Say the S&P 500 Rally Is Not Over
• Negative Sentiment: The Palmer Square report appears to be the main near-term pressure point: investors may be concerned that a sizable acquisition would increase balance-sheet demands and expose Goldman to credit-market and integration risks before any benefits are realized. Market Chatter: Goldman Sachs Leading Bidder to Acquire Palmer Square

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc (NYSE:GS) is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.